GRAHAM interviewGraham interview on ceo.ca, some interesting comments:
(a) Updated Mineral Resource Report in September 2024
(should show +50 increase in resource of 4.7 million tons LCE).
(b) PEA in Q4-2024 should show ROBUST ECONOMICS
(c) OPEX costs should be 30% less than Thacker Pass or, $6,000/ton LCE
(d) At $ 12,000 LCE per ton, will make a good PROFIT
(expects LCE to avg $ 24,000 per ton LCE in future for great returns)
(e) NILI has the HIGHEST LCE grades in the WORLD
(said high grades always win out)
(g) NILI has the HIGHEST LCE grades at surface
(making mining very cheaply and easily done)
(h) NILI will get top $$$ for LCE as it will not sell concentrate
(rock mining companies sell concentrate, needs further processing)
(Nili will do the processing itself in NEVADA)
(i) No shipping costs as LCE done in Nevada
(shipping costs very expensive, not worth it)
(processing done at Nevada itself)
(j) Best mining is in clay and brine, not rock mining
(k) Only 5,000 tons of LCE produced in USA, need 1 million tons now
(l) Sale of EV cars not going down + up 25% per year
(when people say slowdown, it is false, +25% per year)
(slowdown from 70% growth but still 25% growth)
(m) Will apply for GRANTS for drilling in 2025
(people in Washington working right now on getting grants)
(grants used for drilling in 2025, to create jobs)
(n) Will apply to DOE to get $ 2.3 billion Loan at T-bill rates
(DOE loan carries great rates T-bills instead of 15%, it is for JOBS)
(o) Believes that economics are better than LAC, 30% better
(this will be shown in PEA in Q4-2024)
(p) Intends to follow dual path: (a) Buyout or (b) become a Miner
(intends to be a PRODUCER by 2030, within 5 years, very fast)
(q) Drilling in 2025 and PFS
(said MAJORS usually approach during PFS especially if you will mine)
(r) Lithium selloff is not due to China dumping lithium
(drop in lithium is due to overbuying of battery inventory in China)
(inventories are going to be replenished aggressively, once done)
(s) Solid State Battery by Toyota in 2026 will use 4 times more lithium
(t) Lithium will always be used because of its capacity to store energy
(no matter the innovations, lithium will always be used)
(reason is its storage capacity which no other element has)
(u) Not worried about which President wins
(Trump wants jobs in Red States and EV does this)
(Harris wants EV to replace oil companies)
(v) China produces almost all of the batteries - securities risk
(China holds a monopoly on battery manufacturing)
(this poses great risk to USA, need critical elements in USA)
(car companies and manufacturers starting to build in USA)
(w) Inflation Reduction Act gives subsidy of $ 7,500 to customers
(But only if everything is made in USA)
(No one is getting $ 7,500 subsidy as batteries made in CHINA)
(x) Told audience analysts are bearish on LCE companies so time to BUY
(y) Rick rule told audience to buy Urianium 2 years ago (out of favor)
(today people making a fortune on Urianium)
(z) Told people that in one year, investors will be his best friends
GOOD LUCK,